Shares of Australian Rare Earths (ASX:AR3) witnessed a 3.8% rise to A$0.275, on track for the best session since July 19, provided the gains persist.

The company disclosed that results from H1 drilling programme showed that mineralisation extends up to 6 kilometres north beyond the existing boundary of the Koppamurra Indicated Resource in South Australia.

The results serve to back AR3’s strategy to establish a ionic clay-hosted rare earths province on a global scale.

The company is planning to resume drilling in Q4.

However, the stock has seen a year-to-date downfall of roughly 33.8% until the last close.

Australian Rare Earths is a mining company primarily engaged in the discovery and development of mineral resources in Australia.